Global Digital Substation Market: Key Trends, Innovations, and Growth Forecast 2023 – 2033
The Global Digital Substation Market Size is Anticipated to Exceed USD 15.32 Billion by 2033, Growing at a CAGR of 6.90% from 2023 to 2033. A digital substation is a digitized version of a substation’s secondary system that eliminate the majority of analog secondary circuits between the instrument transformers and protective relays. This is a crucial component of electrical generation, transmission, and distribution systems, allowing electric utilities and other sectors to remotely monitor, manage, and coordinate the transmission and distribution components located in the substation.